Analysts Expect PETROLEO BRASIL/ADR (PBR) to Post $0.40 EPS

Equities research analysts forecast that PETROLEO BRASIL/ADR (NYSE:PBR) will post earnings of $0.40 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for PETROLEO BRASIL/ADR’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.29. PETROLEO BRASIL/ADR posted earnings per share of $0.03 in the same quarter last year, which would suggest a positive year over year growth rate of 1,233.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 13th.

According to Zacks, analysts expect that PETROLEO BRASIL/ADR will report full-year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.86. For the next financial year, analysts forecast that the company will post earnings of $2.28 per share, with EPS estimates ranging from $1.73 to $3.27. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for PETROLEO BRASIL/ADR.

PETROLEO BRASIL/ADR (NYSE:PBR) last issued its earnings results on Friday, August 3rd. The oil and gas exploration company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.13. PETROLEO BRASIL/ADR had a net margin of 3.60% and a return on equity of 7.89%. The company had revenue of $23.41 billion for the quarter, compared to analyst estimates of $26.26 billion.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of PETROLEO BRASIL/ADR from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. UBS Group raised shares of PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating in a report on Monday, October 8th. Santander raised shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a report on Monday, October 8th. Zacks Investment Research raised shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, July 25th. Finally, Societe Generale upped their price target on shares of PETROLEO BRASIL/ADR from $11.00 to $13.50 and gave the company a “hold” rating in a report on Wednesday, August 8th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. PETROLEO BRASIL/ADR currently has an average rating of “Hold” and an average price target of $14.98.

Shares of PBR opened at $15.33 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.18. PETROLEO BRASIL/ADR has a twelve month low of $9.02 and a twelve month high of $17.20. The stock has a market cap of $104.75 billion, a price-to-earnings ratio of 16.22 and a beta of 2.37.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thomas White International Ltd. lifted its stake in shares of PETROLEO BRASIL/ADR by 7.0% during the second quarter. Thomas White International Ltd. now owns 268,112 shares of the oil and gas exploration company’s stock valued at $2,689,000 after buying an additional 17,490 shares during the period. LPL Financial LLC lifted its stake in shares of PETROLEO BRASIL/ADR by 34.6% during the first quarter. LPL Financial LLC now owns 27,693 shares of the oil and gas exploration company’s stock valued at $392,000 after buying an additional 7,124 shares during the period. TD Asset Management Inc. purchased a new position in shares of PETROLEO BRASIL/ADR during the second quarter valued at approximately $171,000. Delek Group Ltd. purchased a new position in shares of PETROLEO BRASIL/ADR during the second quarter valued at approximately $10,653,000. Finally, Private Advisor Group LLC lifted its stake in shares of PETROLEO BRASIL/ADR by 101.7% during the second quarter. Private Advisor Group LLC now owns 20,374 shares of the oil and gas exploration company’s stock valued at $205,000 after buying an additional 10,274 shares during the period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

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